Trade Report: The Bank of Montreal Can Buys Shares of 75,327 Fortune Brands Home & Security Inc. (FBHS)

The Bank of Montreal Can Buys Shares of 75,327 Fortune Brands Home & Security Inc. (FBHS)

Bank of Montreal Can bought a new position in Fortune Brands Home & Security Inc. (NYSE:FBHS) during the second quarter, Holdings Channel reports. The institutional investor bought 75,327 shares of the company’s stock, valued at approximately $4,367,000.

A number of other institutional investors have also recently made changes to their positions in FBHS. Glenmede Trust Co. NA increased its position in shares of Fortune Brands Home & Security by 0.8% in the first quarter. Glenmede Trust Co. NA now owns 5,445 shares of the company’s stock worth $305,000 after buying an additional 45 shares in the last quarter. Aperio Group LLC increased its position in shares of Fortune Brands Home & Security by 6.6% in the first quarter. Aperio Group LLC now owns 50,076 shares of the company’s stock worth $2,806,000 after buying an additional 3,120 shares in the last quarter. Teachers Advisors Inc. increased its position in shares of Fortune Brands Home & Security by 6.5% in the first quarter. Teachers Advisors Inc. now owns 352,247 shares of the company’s stock worth $19,740,000 after buying an additional 21,539 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new position in shares of Fortune Brands Home & Security during the first quarter worth $2,491,000. Finally, Ancora Inverness LLC increased its position in shares of Fortune Brands Home & Security by 2.1% in the first quarter. Ancora Inverness LLC now owns 15,038 shares of the company’s stock worth $843,000 after buying an additional 304 shares in the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Fortune Brands Home & Security Inc. (NYSE:FBHS) traded down 0.72% on Thursday, hitting $55.13. 887,821 shares of the company were exchanged. The stock has a market capitalization of $8.48 billion, a P/E ratio of 23.16 and a beta of 1.26. The company has a 50 day moving average price of $59.22 and a 200-day moving average price of $58.89. Fortune Brands Home & Security Inc. has a 52 week low of $44.19 and a 52 week high of $64.47.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Wednesday, July 27th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.09. Fortune Brands Home & Security had a net margin of 7.73% and a return on equity of 16.39%. The firm earned $1.30 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the firm posted $0.59 earnings per share. Fortune Brands Home & Security’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities analysts expect that Fortune Brands Home & Security Inc. will post $2.74 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Friday, August 26th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Wednesday, August 24th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 27.23%.

FBHS has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Credit Suisse Group AG restated a “hold” rating on shares of Fortune Brands Home & Security in a report on Tuesday, June 28th. Jefferies Group started coverage on shares of Fortune Brands Home & Security in a report on Wednesday, July 6th. They issued a “buy” rating and a $67.00 price target for the company. Royal Bank Of Canada raised their price target on shares of Fortune Brands Home & Security from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, July 28th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $70.00 price target (up from $65.00) on shares of Fortune Brands Home & Security in a report on Thursday, July 28th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Fortune Brands Home & Security has a consensus rating of “Buy” and a consensus target price of $63.67.

In related news, CFO E Lee Wyatt sold 150,000 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $63.59, for a total value of $9,538,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Randich sold 55,600 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $63.12, for a total transaction of $3,509,472.00. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc is a holding company. The Company is a home and security products company with a portfolio of branded products used for residential home repair, remodeling, new construction and security applications. The Company operates through four segments: Cabinets, Plumbing, Doors and Security.

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